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C= TY O F S T_ ANTHONY <br />HOU S = N G AND REDEVELOPMENT <br />AUTHOR 2 TY M 2 N UT E S <br />MARCH 2 4 1 9 8 7 <br />The Special Housing and Redevelopment Authority meeting with Walker <br />Development Corporation representatives regarding the Kenzie Terrace <br />Redevelopment project which had been adjourned at 7:25 P.M. for the <br />Council meeting was reconvened by Chairman Sundland at 9:08 P.M. <br />Present for roll call: Sundland, Vice Chair Enrooth, Secretary/ <br />Treasurer Marks, and Commissioners Ranallo <br />and Makowske. <br />Also present: Executive Director David Childs <br />H.R.A. Attorney Jerry Gilligan of the Dorsey <br />and Whitney law firm. <br />During the special meeting called to discuss a suggestion by Walker <br />Methodist Homes that they take over for Arkell Development Corporation <br />as developers of Phases II and III of the Kenzie Terrace project, H.R.A. <br />members had concurred with the Walker representatives that an updated <br />feasibility study of the project was essential. <br />vice Chair Enrooth agreed with the Secretary/Treasurer that, because of <br />•the bonding time constructions, it was imperative that the study be done <br />as soon as possible. He suggested a bid to do the study should be <br />sought from the firm who had made the original study of the project to <br />see if the fact that they had the original research available might be <br />beneficial towards accelerating the process. <br />H.R.A. Action <br />Motion by Marks, seconded by Enrooth to authorize the Executive Director <br />to expend up to $20,.000 for the feasibility study for Phases II and III <br />of the Kenzie Terrace Redevelopment Project which the H.R.A. had <br />discussed with Walker representatives during their March 24, 1987 <br />meeting. Mr. Childs is further directed to have the concerns the <br />developers had about the project addressed, in that study. <br />Motion carried unanimously. <br />Chairman Sundland said he wanted the record to read that his <br />understanding of the conversation with Walker had been that the <br />developers would get no exclusive treatment related to the Letter of <br />Credit required by the Redevelopers Agreement now that the City and not <br />the deverlopers were having the study done. Mr. Gilligan agreed that <br />the criteria for any other agreement would have had to be negotiated <br />with Walker, which would delay the start of construction even further. <br />